The project Apartments on Moliakalnio Street, Vilnius XV from Lithuania is raising investments in the amount of 80000 euros for refinancing with an expected annual return of 8%. The minimum investment amount is 100 euros.
The loan term is 6 months, which means the period for the borrower to repay the borrowed amount and the interest on the loan. In this case, the borrower must repay the loan within 6 months after receiving the loan.
The project has a Loan-to-Value (LTV) ratio of 65%, which is within the established maximum value of 85%. Such LTV restrictions are set to reduce risks for the lender and ensure a more stable financial position of the project. For example, the lower the LTV, the lower the risk of default, as the borrower has more equity in the project.
The internal project number is P00001226-15 on the licensed crowdfunding platform Profitus from Lithuania.
Please note that the platform specifies that this information should not be construed as a recommendation, indication, or invitation to use a specific investment service and is not considered the basis or part of subsequent transactions. Investing always carries the risk of losing part or all of the investments. I agree with the Profitus platform and also recommend approaching investment responsibly by diversifying your investments. In the countries of the European Union, crowdfunding is not prohibited by the Deposit Insurance and Investor Responsibility Law.
Replying to Jan